Custom Fibonacci Support & Resistance Lines
The script detects the latest confirmed swing high and swing low on the chart and calculates two adaptive lines:
A Fibonacci Support Line below price (retracement from swing high to swing low).
A Fibonacci Resistance Line above price (retracement from swing low to swing high).
Both levels are smoothed using a simple moving average for a cleaner visual appearance — similar to an adaptive support/resistance band that follows recent market structure.
⚙️ Features
🔹 Auto-detects swing highs & lows using left/right bar pivots.
🔹 Adjustable Fibonacci levels for both Support and Resistance.
🔹 Adjustable smoothing length for smoother or more reactive lines.
🔹 Works across any timeframe and instrument.
🔹 Ideal for spotting potential reversal zones, trend continuation areas, and dynamic price support/resistance.
🧮 Default Settings
Fibonacci Level (Support) = 0.618
Fibonacci Level (Resistance) = 0.618
Left/Right Swing Bars = 5 / 5
Smoothing Length = 3
💡 Usage Tips
Combine these dynamic Fibonacci lines with trend indicators (EMA, RSI, or structure breaks) to confirm entries.
Increase Left/Right Swing Bars for stronger structural pivots on higher timeframes.
Change Fibonacci Levels (e.g., 0.382, 0.5, 0.786) to visualize multiple retracement zones.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact ChartTechnical directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact ChartTechnical directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.